Building Bridges – Reminder – Application Due First week in July – PA Educational Improvement Tax Credit (EITC)

» Posted by on May 28, 2017 in EITC | Comments Off on Building Bridges – Reminder – Application Due First week in July – PA Educational Improvement Tax Credit (EITC)

employment compensation plan

Support education while helping your company’s financial position through Tax Credits.
What is EITC?

A PA Department of Community and Economic Development (DCED) program that provides state tax credits to eligible businesses for charitable contributions made to Building Bridges for Business and their teaching program U can B.

Is my business eligible?
If you do business in Pennsylvania and pay any of several corporate taxes, the answer is Yes.

How can I make EITC work for me and my business?
Visit the PA DCED website for EITC Guidelines and access to DCED’s electronic Single Application system. Once you are approved* by DCED, make your contribution Building Bridges for Business.

What’s the bottom line?
Tax credits equal to 75% of your contribution up to a maximum of $750,000 per taxable year; can be increased to 90% of your contribution, if your business agrees to provide the same amount for two consecutive tax years.
*Applications are approved on a first-come-first-served basis by date received, and approved until available tax credits are exhausted.
Email us at
info@BuildingBridgesforBusiness.org
Or Apply online at
https://www.esa.dced.state.pa.us/Login.aspx